Economics · Financial Markets
Identify the relationship between the following statements: Statement A: Capital gain is the difference between the money received from selling an asset and the price paid for it. Statement B: Capital gain also includes a gain that arises on 'transfer' (includes sale, exchange) of a capital asset and is categorized into short-term gains and long-term gains.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A is true and B is false
- 2A is false and B is true
- 3Both A and B are true, and B is relevant to A✓
- 4Both A and B are true, but B is not relevant to A
Correct answer
Both A and B are true, and B is relevant to A
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